243211 Paradise Road, Chestermere, Alberta T1X 0M9

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$6,400,000

PRIME 9.79-ACRE DEVELOPMENT OPPORTUNITY. This exceptional parcel in Chestermere’s highly desirable North Acreages offers a rare combination of immediate utility and massive future growth potential. Flat, fully fenced, and east-facing with scenic creek views, this site is perfectly positioned just minutes from Highway 1 and Calgary.FUTURE UPSIDE: A land-use redesignation is already underway, proposing a 43-lot R-1 single-family subdivision, plus R-3 multi-unit potential on the adjacent parcel. Substantial due diligence is complete and available to the buyer, including Engineering and Transportation Impact Assessments, Biophysical, Geotechnical, and Wetland studies, and Water/Wastewater servicing assessments.DEVELOP NOW – SKIP THE WAIT: Under the City’s 2023 approved Transitional Rural Residential (TRR) District, you can capitalize on this land today without waiting for city deep services. Utilize the existing high-capacity well and septic system to:• Subdivide into 1-acre parcels (minimum 1-acre lots permitted).• Build a single detached home with a secondary suite or a Bed & Breakfast.• Operational flexibility: Approved for major/minor home businesses, plus discretionary uses like Kennels, Animal Health Services, Child Care Facilities, or Places of Worship.• Servicing: TRR path allow for potable water via cisterns and wastewater via pump-out tanks.IMMEDIATE INCOME & UTILITY: The property includes a well-maintained 4-bedroom, 2-bathroom bungalow and outbuildings, allowing for owner use or rental income during the planning phase. Secure your stake in one of Alberta’s fastest-growing cities. 24-hour notice required for bungalow; land may be walked with a confirmed appointment. GST may be applicable.With strong housing demand and significant municipal growth, this 9.79-acre site presents a rare, high-ROI opportunity for developers and investors looking to secure a prime piece of Chestermere’s future. (id:55577)

Property Features

  • MLS® Number A2267442
  • Price $6,400,000
  • Community Name: North Acreages
  • Amenities Near By Schools, Shopping, Water Nearby
  • Community Features Lake Privileges
  • Plan 8810308
  • Structure Barn

Buildings

Age Age Is Unknown

Land

Acreage Yes Fence Type Fence, Partially Fenced
Land Amenities Schools, Shopping, Water Nearby Size Depth 393.12 M
Size Frontage 100.75 M Size Irregular 9.79
Size Total 9.79 Ac|5 - 9.99 Acres Size Total Text 9.79 Ac|5 - 9.99 Acres
Zoning Description Large Lot Rural Residential

Agents and Offices

  • Colin S. Gill
  • Office: Urban-Realty.ca

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